Cheniere Energy Now Covered by Morgan Stanley (LNG)
Analysts at Morgan Stanley began coverage on shares of Cheniere Energy (AMEX:LNG) in a research report issued to clients and investors on Tuesday, AnalystRatings.Net reports. The firm set an “overweight” rating and a $60.00 price target on the stock. Morgan Stanley’s price objective points to a potential upside of 32.71% from the stock’s previous close.
Cheniere Energy (AMEX:LNG) traded up 4.41% during mid-day trading on Tuesday, hitting $45.21. The stock had a trading volume of 6,739,373 shares. Cheniere Energy has a 1-year low of $19.64 and a 1-year high of $46.39. The stock has a 50-day moving average of $41.98 and a 200-day moving average of $34.59. The company’s market cap is $9.979 billion.
A number of other firms have also recently commented on LNG. Analysts at Goldman Sachs Group Inc. initiated coverage on shares of Cheniere Energy in a research note to investors on Tuesday. They set a “buy” rating on the stock. Analysts at Credit Suisse initiated coverage on shares of Cheniere Energy in a research note to investors on Tuesday. They set a “neutral” rating on the stock. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $39.33.
Cheniere Energy, Inc (AMEX:LNG) is an energy company primarily engaged in liquid natural gas (LNG)-related businesses.
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